After the mid-October sell-off, Gold entered a period of consolidation lasting more than a week. Price showed clear indecision during this phase. Buyers were convinced the correction had run its course, while sellers continued to push for a deeper move down.
Once the U.S. government reopened, the bullish continuation many traders anticipated finally came through.
Following this minor pullback, I want to see buyers step back in and drive price higher, ideally making a move to retest the previous all-time highs.
Once the U.S. government reopened, the bullish continuation many traders anticipated finally came through.
Following this minor pullback, I want to see buyers step back in and drive price higher, ideally making a move to retest the previous all-time highs.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.